Wednesday morning snapshot

A snapshot of the early morning's equity news and key market movements.

Last night in the US: The Dow Jones closed down 32 points at 15,750, the NASDAQ finished up one point at 3919 and the S&P 500 ended the day down four points at 1767.

This morning in London: The FTSE 100 is currently down 36 points at 6690.

FX and commodities: GBP/USD is down 13 pips at $1.5891, EUR/USD is down seven pips at $1.3429 and USD/JPY is down 19 pips at ¥99.57. Brent crude is up 22 cents at $105.87 and gold is trading at $1275, up $7.

Stocks: London Stock Exchange announced a 44% rise in first-half revenue. Sainsbury's reported a 1.4% increase in like-for-like sales in the first half of the year. Scottish & Southern Energy revealed an 11.7% drop in six-month pre-tax profits.

The day ahead: UK unemployment and claimant count figures are due for release at 9.30am. Eurozone industrial production will be announced at 10am, followed by the Bank of England inflation report at 10.30am. Jens Weidmann of the Bundesbank will make an announcement at 12.10pm.

All figures correct at 8.30am. All times London time.

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This information has been prepared by IG, a trading name of IG Markets Limited and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.

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